The Open UniversitySkip to content
 

Goodwill accounting standards in the United Kingdom, the United States, France, and Japan

Garcia, Clémence; Katsuo, Yuko and van Mourik, Carien (2018). Goodwill accounting standards in the United Kingdom, the United States, France, and Japan. Accounting History, 23(3) pp. 314–337.

DOI (Digital Object Identifier) Link: https://doi.org/10.1177/1032373217748672
Google Scholar: Look up in Google Scholar

Abstract

In this article, we revisit the history of accounting for goodwill in the United Kingdom, the United States, France, and Japan following the conclusions and predictions of Ding, Richard and Stolowy (2008). We aim at verifying whether the four phases of development of the accounting for goodwill between 1880 and 2005 are actually determined by the global change from a stakeholder model of corporate governance to a shareholder model. An extended time frame of analysis (until 2016) is considered in this study, which includes Japan among the country-specific accounting systems investigated. Our findings do not support Ding et al.’s predictions for Japan and demonstrate a disagreement between those countries which consider goodwill as a depleting asset and those which consider goodwill as a permanent asset. This observation might explain better the current debate concerning international harmonization on goodwill.

Item Type: Journal Item
ISSN: 1749-3374
Keywords: balance sheet function, comparative history, depleting asset, goodwill, permanent asset
Academic Unit/School: Faculty of Business and Law (FBL) > Business > Department for Accounting and Finance
Faculty of Business and Law (FBL) > Business
Faculty of Business and Law (FBL)
Item ID: 53276
SWORD Depositor: Jisc Publications-Router
Depositing User: Jisc Publications-Router
Date Deposited: 22 Feb 2018 13:07
Last Modified: 12 Mar 2019 09:29
URI: http://oro.open.ac.uk/id/eprint/53276
Share this page:

Metrics

Altmetrics from Altmetric

Citations from Dimensions

Actions (login may be required)

Policies | Disclaimer

© The Open University   contact the OU